Can anyone give me a brief explanation, or guide me to a website on DeMark Indicator? Help greatly appreciated.

The formula used in the calculation of the Tom DeMark "Pivot Points" are: The value of X in the formula below depends on where the Close of the market is. If Close < Open then X = (H + (L * 2) + C) If Close > Open then X = ((H * 2) + L + C) If Close = Open then X = (H + L + (C * 2)) R1 = X / 2 - L PP = X / 4 (this is not an official DeMark number but merely a reference point based on the calculation of X) S1 = X / 2 - H Where R1 is the upper Resistance level, PP is the Pivot Point, S1 is the lower support level.

TD Breakout Qualifiers http://www.alpari-idc.com/en/market-analysis-guide/demark/td-breakout-qualifiers.html <img src=http://www.alpari-idc.com/files/pic/docs/1/135_238.gif>

I have posted the EasyLanguage code for the DeMark Oscillator here: http://www.elitetrader.com/vb/showthread.php?s=&postid=2237215#post2237215 <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2237215> Stay tuned for the DeMark Pivots.

It starts here ... Coding DeMark Indicators I personally don't use his methods, but learning his approach can't hurt your education. I just found that there was plentyof money to be made while waiting around for one of his reversal trades.